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Bored Bat

Bored Bat

CEOs of Albertsons and Kroger says shoppers would see lower prices after merger

Bored Bat
Summary
Nutrition label

73% Informative

Kroger and Albertsons CEOs say merger would allow them to lower prices.

The Federal Trade Commission is trying to block the $24.6 billion supermarket merger.

The FTC says the merger would hurt competition in certain areas where the two are each other’s primary rivals.

Kroger CEO Rodney McMullen says Kroger is committed to not closing any branches immediately.

Under the proposed deal, Kroger and Albertsons would sell 579 stores in places where their locations overlap to C&S Wholesale Grocers , a New Hampshire -based supplier to independent supermarkets.

The FTC is seeking an injunction to block the merger temporarily while its lawsuit against the deal goes before an administrative law judge.

VR Score

80

Informative language

81

Neutral language

77

Article tone

formal

Language

English

Language complexity

58

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

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